A company has provided the following data concerning one of the products in its standard cost system.

Inputs	Standard Quantity per unit of Output		Standard Price
Direct materials	8.0 ounces		$8.10/ounce

The company has reported the following actual results for the product for April:

Actual output	6,500	units
Raw materials purchased	62,350	ounces
Actual cost of raw materials purchased	$ 386,210
Raw materials used in production	52,020	ounces

1. Compute the materials price variance for April.

2. Compute the materials quantity variance for April.